期刊名称：International Journal of Statistics and Applications
印刷版ISSN：2168-5193
电子版ISSN：2168-5215
出版年度：2018
卷号：8
期号：3
页码：111-118
DOI：10.5923/j.statistics.20180803.01
语种：English
出版社：Scientific & Academic Publishing Co.
摘要：This research work is an attempt to examine the contribution of financial sector and trade on economic growth for the countries in MENA region. For this purpose, yearly data on inflation rate, trade service, domestic credit to private sector, domestic credit provided by financial sector and broad money on GDP, investigated for nine MENA countries over the period of 1981-2016 are collected from World Bank database. Descriptive statistics refer that variables diverge greatly among the countries. For some countries inflation rates are found to be considerably high. Significant Hausman test conferred that the random effect model is appropriate for this panel data. The empirical results from random effect model with robust standard error reveal significant effects of trade service, domestic credit provided by financial sector, inflation rate, domestic credit to private sector and broad money on GDP growth. It is mentionable that inflation rate, domestic credit to private sector and broad money have negative impact on GDP growth that might be due to high inflation rates and less stable economies of the sampled countries.
关键词：Panel Data; Financial Sector; Trade; GDP; Random Effect Model
